|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:38 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.474
|
$3.427
|
1.37%
|
$0.047
|
25,487
|
|
|
|
WTI
|
$62.96
|
$62.56
|
0.64%
|
$0.40
|
93,709
|
|
|
|
Brent
|
$66.26
|
$65.38
|
1.35%
|
$0.88
|
18,037
|
|
|
|
ULSD
|
$2.156
|
$2.129
|
1.25%
|
$0.027
|
3,138
|
|
|
|
RBOB
|
$2.177
|
$2.152
|
1.17%
|
$0.025
|
1,618
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.30
|
$3.35
|
-1.49%
|
-$0.05
|
Jul-25
|
|
|
|
3:2:1 Crack
|
$26.28
|
$26.22
|
0.21%
|
$0.05
|
Jul-25
|
|
|
|
PJM West Spark
|
$47.31
|
$41.31
|
14.53%
|
$6.00
|
Jun-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
05/16/25
|
576
|
-2
|
-28
|
05/17/24
|
|
|
|
Canada
|
05/16/25
|
121
|
7
|
7
|
05/17/24
|
|
|
|
International
|
Apr
|
891
|
-8
|
-87
|
Apr
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 5/13/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
95,295
|
94,633
|
94,692
|
-59
|
|
|
|
PJM West Off Peak
|
84,971
|
84,520
|
84,288
|
232
|
|
|
|
Natural Gas Henry Hub
|
364,803
|
349,278
|
352,599
|
-3,321
|
|
|
|
WTI – Light Sweet Crude Futures
|
299,575
|
237,275
|
224,685
|
12,590
|
|
|
|
Brent Crude Last Day
|
209,844
|
201,905
|
201,532
|
373
|
|
|
|
NYM Ethanol
|
31,165
|
30,509
|
30,656
|
-147
|
|
|
|
Mt Belvieu LDH Propane Swap
|
151,099
|
150,453
|
150,436
|
17
|
|
|
|
RBOB
|
399,755
|
375,246
|
382,321
|
-7,075
|
|
|
|
HSC Basis
|
865,872
|
859,403
|
861,188
|
-1,785
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
|
|
|
|
Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
|
|
|
|
Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
|
|
|
|
LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
|
|
|
Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
|
|
|
Renewables
|
22.00%
|
23.00%
|
25.00%
|
27.00%
|
|
|
|
Nuclear
|
19.00%
|
19.00%
|
19.00%
|
19.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/15/20
|
|
|
|
|
|
5/9/25
|
5/2/25
|
Net Change
|
% Change
|
5/10/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
396
|
362
|
34
|
9.39%
|
482
|
-17.84%
|
413
|
-4.02%
|
|
|
|
Midwest
|
480
|
454
|
26
|
5.73%
|
606
|
-20.79%
|
508
|
-5.44%
|
|
|
|
Mountain
|
185
|
180
|
5
|
2.78%
|
196
|
-5.61%
|
134
|
38.06%
|
|
|
|
Pacific
|
237
|
232
|
5
|
2.16%
|
252
|
-5.95%
|
213
|
11.16%
|
|
|
|
South
|
957
|
917
|
40
|
4.36%
|
1,097
|
-12.76%
|
974
|
-1.75%
|
|
|
|
Salt
|
308
|
293
|
15
|
5.12%
|
313
|
-1.60%
|
296
|
4.12%
|
|
|
|
Non_Salt
|
648
|
624
|
24
|
3.85%
|
784
|
-17.35%
|
679
|
-4.54%
|
|
|
|
Total
|
2,255
|
2,145
|
110
|
5.13%
|
2,633
|
-14.36%
|
2,242
|
0.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
PJM West On Peak
|
Jun-25
|
$54.65
|
$48.64
|
12.36%
|
$6.01
|
$52.31
|
4.48%
|
$54.59
|
0.12%
|
|
|
|
ERCOT North On Peak
|
Jun-25
|
$51.30
|
$55.51
|
-7.57%
|
-$4.20
|
$56.42
|
-9.08%
|
$68.81
|
-25.44%
|
|
|
|
CAISO SP 15 On Peak
|
Jun-25
|
$23.13
|
$22.00
|
5.14%
|
$1.13
|
$20.91
|
10.63%
|
$32.51
|
-28.84%
|
|
|
|
MISO Indiana On Peak
|
Jun-25
|
$50.88
|
$44.93
|
13.24%
|
$5.95
|
$47.46
|
7.22%
|
$54.64
|
-6.87%
|
|
|
|
NEISO Mass On Peak
|
Jun-25
|
$52.94
|
$50.37
|
5.10%
|
$2.57
|
$52.72
|
0.41%
|
$51.03
|
3.73%
|
|
|
|
WECC Mid C On Peak
|
Jun-25
|
$40.94
|
$37.00
|
10.64%
|
$3.94
|
$25.04
|
63.51%
|
$40.27
|
1.65%
|
|
|
|
NYISO Zone G On Peak
|
Jun-25
|
$51.21
|
$47.57
|
7.66%
|
$3.64
|
$50.91
|
0.59%
|
$47.94
|
6.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.427
|
$3.113
|
10.09%
|
$0.31
|
$3.14
|
9.11%
|
$3.31
|
3.69%
|
|
|
|
Houston Ship Channel
|
Jun-25
|
-$0.355
|
-$0.329
|
7.90%
|
-$0.03
|
-$0.35
|
1.17%
|
-$0.35
|
1.78%
|
|
|
|
Chicago
|
Jun-25
|
-$0.456
|
-$0.405
|
-11.19%
|
-$0.05
|
-$0.35
|
28.70%
|
-$0.28
|
65.19%
|
|
|
|
Waha
|
Jun-25
|
-$2.186
|
-$2.022
|
-8.12%
|
-$0.16
|
-$1.80
|
21.59%
|
-$1.04
|
111.11%
|
|
|
|
Algonquin
|
Jun-25
|
$0.143
|
$0.262
|
-45.42%
|
-$0.12
|
$0.28
|
-48.38%
|
-$0.17
|
-182.04%
|
|
|
|
Aeco
|
Jun-25
|
-$1.947
|
-$1.819
|
7.01%
|
-$0.13
|
-$1.57
|
23.74%
|
-$1.25
|
55.59%
|
|
|
|
Socal
|
Jun-25
|
-$1.057
|
-$1.099
|
-3.84%
|
$0.04
|
-$1.00
|
6.12%
|
-$0.14
|
649.89%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.770
|
$0.774
|
-0.50%
|
$0.00
|
$0.73
|
5.74%
|
$0.68
|
13.37%
|
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.763
|
$0.765
|
-0.38%
|
$0.00
|
$0.73
|
4.36%
|
$0.67
|
13.03%
|
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.253
|
$0.241
|
4.69%
|
$0.01
|
$0.23
|
9.57%
|
$0.25
|
0.06%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.305
|
$1.308
|
-0.19%
|
$0.00
|
$1.32
|
-1.05%
|
$1.46
|
-10.91%
|
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.854
|
$0.858
|
-0.48%
|
$0.00
|
$0.86
|
-0.54%
|
$0.79
|
7.70%
|
|
|
|
Far East Propane
|
Jun-25
|
$5.392
|
$5.383
|
0.17%
|
$0.01
|
$5.10
|
5.70%
|
$5.45
|
-1.08%
|
|
|
|
Saudi Propane
|
Jun-25
|
$5.850
|
$5.850
|
0.01%
|
$0.00
|
$5.71
|
2.50%
|
$5.10
|
14.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
WTI
|
Jul-25
|
$62.03
|
$62.14
|
-0.18%
|
-$0.11
|
$62.94
|
-1.45%
|
$73.91
|
-16.07%
|
|
|
|
Brent
|
Jul-25
|
$65.38
|
$65.54
|
-0.24%
|
-$0.16
|
$66.48
|
-1.65%
|
$78.78
|
-17.01%
|
|
|
|
WCS
|
Jul-25
|
-$9.37
|
-$10.06
|
-7.33%
|
$0.69
|
-$10.34
|
-9.42%
|
-$12.70
|
-26.24%
|
|
|
|
LLS
|
Jul-25
|
$63.75
|
$63.42
|
0.52%
|
$0.33
|
$64.36
|
-0.95%
|
$76.41
|
-16.57%
|
|
|
|
Mars
|
Jul-25
|
$62.54
|
$62.23
|
0.50%
|
$0.31
|
$62.80
|
-0.41%
|
$73.36
|
-14.75%
|
|
|
|
Sour
|
Jul-25
|
$62.29
|
$61.88
|
0.66%
|
$0.41
|
$62.70
|
-0.64%
|
$73.90
|
-15.71%
|
|
|
|
ESPO
|
Jul-25
|
$63.38
|
$63.54
|
-0.25%
|
-$0.16
|
$64.48
|
-1.71%
|
$76.78
|
-17.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
NY Heating Oil
|
Jun-25
|
$2.13
|
$2.13
|
0.47%
|
$0.01
|
$2.10
|
1.62%
|
$2.46
|
-13.28%
|
|
|
|
NY Gasoline
|
Jun-25
|
$2.15
|
$2.09
|
3.16%
|
$0.07
|
$2.06
|
4.31%
|
$2.34
|
-7.99%
|
|
|
|
GC Gasoline
|
Jun-25
|
$2.05
|
$1.99
|
3.32%
|
$0.07
|
$1.96
|
4.53%
|
$2.24
|
-8.35%
|
|
|
|
GC Jet
|
Jun-25
|
$1.95
|
$1.96
|
-0.61%
|
-$0.01
|
$1.97
|
-0.81%
|
$2.35
|
-17.13%
|
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.77
|
$1.74
|
1.66%
|
$0.03
|
$1.78
|
-0.73%
|
$1.70
|
4.42%
|
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$630.00
|
$624.75
|
0.84%
|
$5.25
|
$622.82
|
1.15%
|
$703.70
|
-10.47%
|
|
|
|
Singapore Jet Kero
|
Jun-25
|
$78.74
|
$78.46
|
0.36%
|
$0.29
|
$80.35
|
-2.00%
|
$96.18
|
-18.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Jul-25
|
59.07%
|
69.01%
|
-14.40%
|
-9.94%
|
68.12%
|
-13.29%
|
35.89%
|
64.59%
|
|
|
|
Algonquin Straddle
|
Jul-25
|
46.80%
|
71.63%
|
-34.66%
|
-24.83%
|
65.54%
|
-28.59%
|
36.73%
|
27.42%
|
|
|
|
Waha Straddle
|
Jul-25
|
77.58%
|
99.65%
|
-22.15%
|
-22.07%
|
171.89%
|
-54.87%
|
43.84%
|
76.96%
|
|
|
|
Chicago Straddle
|
Jul-25
|
61.58%
|
78.49%
|
-21.54%
|
-16.91%
|
75.99%
|
-18.96%
|
36.60%
|
68.25%
|
|
|
|
PJM West Straddle
|
Jul-25
|
75.84%
|
74.00%
|
2.49%
|
1.84%
|
62.26%
|
21.81%
|
49.04%
|
54.65%
|
|
|
|
SP – 15 Straddle
|
Jul-25
|
270.73%
|
253.32%
|
6.87%
|
17.41%
|
205.11%
|
31.99%
|
21.01%
|
1188.58%
|
|
|
|
Mid. C Straddle
|
Jul-25
|
121.54%
|
131.28%
|
-7.42%
|
-9.74%
|
73.24%
|
65.95%
|
70.37%
|
72.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
Dutch TTF
|
Jul-25
|
EUR 37.12
|
EUR 35.31
|
5.15%
|
EUR 1.82
|
EUR 34.49
|
7.62%
|
EUR 35.37
|
4.94%
|
|
|
|
NBP
|
Jul-25
|
GBP 87.54
|
GBP 82.61
|
5.97%
|
GBP 4.93
|
GBP 83.53
|
4.80%
|
GBP 86.70
|
0.97%
|
|
|
|
German Base
|
Jul-25
|
EUR 83.42
|
EUR 80.21
|
4.01%
|
EUR 3.22
|
EUR 73.00
|
14.28%
|
EUR 85.03
|
-1.89%
|
|
|
|
UK Base
|
Jul-25
|
GBP 81.43
|
GBP 75.10
|
8.42%
|
GBP 6.32
|
GBP 73.86
|
10.24%
|
GBP 76.75
|
6.10%
|
|
|
|
French Base
|
Jul-25
|
EUR 34.14
|
EUR 29.63
|
15.22%
|
EUR 4.51
|
EUR 40.01
|
-14.67%
|
EUR 65.78
|
-48.10%
|
|
|
|
Italian Base
|
Jul-25
|
EUR 115.58
|
EUR 112.77
|
2.50%
|
EUR 2.82
|
EUR 112.25
|
2.97%
|
EUR 101.05
|
14.38%
|
|
|
|
JKM LNG
|
Jul-25
|
$12.37
|
$11.94
|
3.61%
|
$0.43
|
$11.71
|
5.61%
|
$12.10
|
2.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/20/25
|
5/19/25
|
% Change
|
Change
|
4/22/25
|
% Change
|
5/20/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-25
|
$37.12
|
$35.31
|
5.15%
|
$1.82
|
$34.49
|
7.62%
|
$35.37
|
4.94%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-25
|
$87.54
|
$82.61
|
5.97%
|
$4.93
|
$83.53
|
4.80%
|
$86.70
|
0.97%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-25
|
$83.42
|
$80.21
|
4.01%
|
$3.22
|
$73.00
|
14.28%
|
$85.03
|
-1.89%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-25
|
$81.43
|
$75.10
|
8.42%
|
$6.32
|
$73.86
|
10.24%
|
$76.75
|
6.10%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-25
|
$34.14
|
$29.63
|
15.22%
|
$4.51
|
$40.01
|
-14.67%
|
$65.78
|
-48.10%
|
|
|
|
Supramax Timecharter (DRY)
|
Jul-25
|
$115.58
|
$112.77
|
2.50%
|
$2.82
|
$112.25
|
2.97%
|
$101.05
|
14.38%
|
|
|
|
Capesize Timecharter (DRY)
|
Jul-25
|
$12.37
|
$11.94
|
3.61%
|
$0.43
|
$11.71
|
5.61%
|
$12.10
|
2.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/17/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
4
|
3
|
4
|
4
|
3
|
4
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
8
|
4
|
8
|
11
|
6
|
0
|
NA
|
NA
|
|
|
|
E N Central
|
17
|
7
|
16
|
17
|
-1
|
6
|
NA
|
NA
|
|
|
|
W N Central
|
27
|
15
|
22
|
35
|
5
|
19
|
NA
|
NA
|
|
|
|
South Atlantic
|
56
|
19
|
12
|
330
|
70
|
35
|
27.00%
|
12.00%
|
|
|
|
E S Central
|
48
|
20
|
21
|
166
|
56
|
14
|
51.00%
|
9.00%
|
|
|
|
W S Central
|
76
|
23
|
22
|
401
|
114
|
31
|
40.00%
|
9.00%
|
|
|
|
Mountain
|
19
|
1
|
3
|
74
|
-14
|
26
|
NA
|
NA
|
|
|
|
Pacific
|
2
|
-5
|
1
|
12
|
-23
|
10
|
NA
|
NA
|
|
|
|
United States
|
30
|
11
|
12
|
130
|
26
|
17
|
25.00%
|
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/17/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
38
|
-29
|
-31
|
6,006
|
-449
|
374
|
-7.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
19
|
-33
|
-41
|
5,209
|
-597
|
300
|
-10.00%
|
6.00%
|
|
|
|
E N Central
|
21
|
-36
|
-20
|
5,780
|
-591
|
521
|
-9.00%
|
10.00%
|
|
|
|
W N Central
|
21
|
-29
|
-15
|
6,016
|
-619
|
424
|
-9.00%
|
8.00%
|
|
|
|
South Atlantic
|
4
|
-11
|
-13
|
2,563
|
-266
|
113
|
-9.00%
|
5.00%
|
|
|
|
E S Central
|
6
|
-12
|
-9
|
3,161
|
-415
|
87
|
-12.00%
|
3.00%
|
|
|
|
W S Central
|
4
|
0
|
1
|
1,940
|
-343
|
-103
|
-15.00%
|
-5.00%
|
|
|
|
Mountain
|
45
|
-10
|
-2
|
4,641
|
-405
|
-109
|
-8.00%
|
-2.00%
|
|
|
|
Pacific
|
52
|
9
|
37
|
3,000
|
-85
|
25
|
-3.00%
|
1.00%
|
|
|
|
United States
|
22
|
-16
|
-9
|
4,036
|
-398
|
186
|
-9.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
